USDA Oceania Skim Milk Powder 12/18 10:20

AMS_1038 MARS

Skim Milk Powder - Oceania

Released on December 18, 2025

The price range for Oceania skim milk powder (SMP) stayed somewhat steady 
during the current reporting period, with only slight declines at both ends of 
the range. Compared to other dairy commodities, export demand for SMP held 
firm, helping to maintain prices in the face of plentiful supply conditions. 
Additionally, Oceania-produced SMP is maintaining a slight edge over European 
SMP.  Steady milk output is supporting continued strong production. 

At Global Dairy Trade (GDT) event 394, prices fell across all contracts for 
which product was traded, ending slightly below market expectations. 
Three-quarters of the SMP sold was for delivery in February and March, the 
second and third contract periods. These contracts are also the lowest priced 
currently and with prices falling by 2.0 percent and 2.4 percent, respectively. 
The quantity of SMP sold at GDT event 394 was greater than at the previous 
event and about the same as at event 370 one year ago. The North Asia region 
purchased 63 percent of available SMP, followed by the Southeast Asia/Oceania 
region and Europe.

Prices for: Oceania, All First Sales, Free on Board - Port, Edible Skim Milk 
Powder
Price Range - 1.25% Butterfat; Dollars per Metric Ton: 2450 - 2550


Information for the period December 8 - 19, 2025, issued biweekly

Secondary Sourced Information:

During GDT event 394 on December 16, 2025, the average price for SMP across all 
contract periods was $2,431 per metric ton, corresponding to a 2.1 percent 
decrease in the SMP price index from the prior event. The average price for the 
January contract was $2,439 per metric ton, with the January price index down 
2.0 percent. More information on SMP prices at the most recent event can be 
found at 
https://www.globaldairytrade.info/en/product-results/skim-milk-powder/. 

Dairy Australia recently released export data for Australia showing skim milk 
powder (SMP) export volumes from July - October 2025 totaled 48,818 metric 
tons, an increase of 1.5 percent compared to export volume totals from July - 
October 2024.

According to Dairy Australia, skim milk powder (SMP) production in Australia in 
September 2025 totaled 20,066 metric tons, an increase of 8.6 percent compared 
to production totals in September 2024. Australian SMP production from July - 
September 2025 totaled 42,262 metric tons, an increase of 0.7 percent compared 
to production totals from July - September 2024.

[0600059B]